Southeast Asia

Norwegian floating solar developer Ocean Sun has entered into a memorandum of understanding (MoU) with ACEN-Silverwolf to establish a framework for deploying utility-scale floating solar installations across selected Asian markets.

The Vietnamese state power utility Vietnam Energy Generation Corporation 1 (EVNGENCO1) has proposed the development of 270MW of floating solar PV capacity on three hydropower reservoirs.

J&V Energy is acquiring a 187MW portfolio of operational solar assets in Taiwan from a fund managed by Global Infrastructure Partners.

TotalEnergies and Nextnorth have reached financial close on, and started construction at, a 440MW solar PV project in the Philippines.

The Bangladesh Power Development Board (BPDB) has launched a tender for 495MW of new solar PV capacity, to be deployed across ten projects.

Singapore-based renewables firm Levanta Renewables has signed an engineering, procurement and construction (EPC) contract with China Energy Engineering Group (CEEC) for a solar-plus-storage project in the Philippines.

Embattled solar manufacturer Maxeon has applied for ‘judicial management’ in Singapore, following a challenging year for the company.

Two Vietnamese renewable energy developers have formed a new entity dedicated to developing C&I solar PV and energy storage assets in Vietnam.

The Philippines has fast-tracked 1.4GW of new renewable energy projects in response to the ongoing effects of the Iran war on fossil fuel prices.

Danantara, has secured US$1.4 billion to back the government’s push for 50GW of new renewable energy capacity by 2035, with a focus on solar.